Lilium NV (LILM)

History and Background

Lilium NV was founded in 2015 in Germany by four engineers and scientists. The company's goal is to develop an all-electric vertical take-off and landing (eVTOL) aircraft for regional air mobility. They merged with Qell Acquisition Corp in 2021, becoming a publicly traded company on the Nasdaq.

Core Business Areas

• eVTOL Aircraft Development: Focuses on the design, development, and manufacturing of the Lilium Jet, a 7-seater electric aircraft.
• Airline Operations: Planning to establish a network of vertiports and operate the Lilium Jet for passenger transport, connecting cities and regions efficiently.
• Technology Licensing: Potentially licensing their eVTOL technology to other companies in the future.

Leadership and Structure

Klaus Roewe serves as the CEO of Lilium. The company has a structured management team overseeing engineering, operations, and commercial strategy. The board of directors includes experienced professionals from aviation, technology, and finance industries.

Key Offerings

• Lilium Jet: A 7-seater all-electric eVTOL aircraft designed for regional air mobility. Currently under development and certification. No market share yet as pre-revenue. Competitors: Archer Aviation (ACHR), Joby Aviation (JOBY), Vertical Aerospace (EVTL).

Industry Overview

The eVTOL market is emerging, with numerous companies developing aircraft for urban and regional air mobility. Regulations are still evolving, and certification processes are crucial for commercial viability.

Positioning

Lilium is positioned as a premium eVTOL aircraft manufacturer and operator, focusing on a higher-capacity aircraft with longer range compared to some competitors. They aim to offer a faster and more sustainable alternative to traditional modes of transportation.

Total Addressable Market (TAM)

The estimated TAM for the global Advanced Air Mobility market is expected to reach hundreds of billions of dollars over the next decade. Lilium NV aims to capture a significant portion of this market by establishing a leading presence in regional air mobility.

Key Competitors

• JOBY
• ACHR
• EVTL
• EHang (EH)

Competitive Landscape

Lilium differentiates itself with its ducted electric vectored thrust (DEVT) technology, aiming for longer range and higher capacity. However, it faces strong competition from well-funded and established players like Joby Aviation and Archer Aviation. These are all pre-revenue, and competitive positioning is based on technology, funding, and regulatory progress.

Historical Growth: No historical revenue growth as the company is pre-revenue.

Future Projections: Future revenue is dependent on the successful certification and commercialization of the Lilium Jet. Analyst projections vary widely, depending on assumptions about the pace of certification, market adoption, and pricing.

Recent Initiatives: Recent initiatives include securing partnerships with infrastructure providers, expanding testing programs, and pursuing certification from aviation authorities.

Lilium NV is a pre-revenue eVTOL aircraft developer with a unique technology and ambitious goals. The company's success depends on achieving regulatory approvals, securing funding, and successfully commercializing its Lilium Jet. Its strengths include its DEVT technology and focus on regional air mobility. However, it faces risks related to competition, certification, and capital intensity.

• JOBY
• ACHR
• EVTL
• EH

Data Sources:

• Company website
• SEC filings
• Press releases
• Analyst reports
• Industry publications

Disclaimers:

This analysis is based on publicly available information and is not financial advice. The eVTOL market is rapidly evolving, and the information presented may change over time. Invest at your own risk.